TURNING your home into an income earner for the family has become increasingly popular as interest rates hit record lows. Here are five strategies to make the most of the equity you’ve built up.

Property investment group BInvested.com.au head Nathan Birch, who built up major property portfolio by reinvesting equity into further properties, said homeowners had several strategies at their disposal to put their equity to work for them.

He recommended five – only two of which actually involved further funds going into property.